Downtown Dubai is a vibrant and luxurious district that is known for its iconic landmarks, world-class shopping, and high-end residential and commercial properties. The district is home to some of the city's most impressive real estate developments, including the Burj Khalifa, the Dubai Mall, and the Dubai Fountain. With its stunning architecture, top-notch amenities, and central location, Downtown Dubai is a highly sought-after address for both local and international buyers, making it a key player in Dubai's real estate market. Whether you're looking for a luxurious apartment or a prime commercial space, Downtown Dubai has plenty to offer.
Here's Downtown's past 90 days' secondary market analysis:
Apartments in Dubai: 6,128 transactions worth AED 10.8 billion
Apartment projects in Downtown Dubai: With 535 transactions worth AED 1.6 billion, Downtown Dubai ranks first in the apartments market.
Projects:
- Burj Royale: 46 transactions
- Grande Signature Residences: 37 transactions
- Forte Tower 1: 32 transactions
- Imperial Avenue: 26 transactions
- Downtown Views: 22 transactions
- Act One: 20 transactions
- The Address Residences Dubai Opera T1: 17 transactions
- Downtown View 2-Tower2: 17 transactions
- Act Two: 16 transactions
- Downtown Views 2, Tower 1: 16 transactions
Among these projects, Burj Royale (46 transactions, AED 107.4 million) and Forte Tower 1 (32 transactions, AED 118.7 million) come in the top 10 apartment projects in Dubai.
Serviced apartments in Dubai: 352 transactions worth AED 1.1 billion
Serviced apartment projects in Downtown Dubai: 130 transactions
Projects:
- The Address The Blvd: 25 transactions
- The Address Residence Sky View 2: 17 transactions
- The Address Residence Fountain View 1: 15 transactions
- The Address Residence Fountain View 2: 15 transactions
- The Address Residence Sky View 1: 14 transactions
- Vida Residence Downtown: 13 transactions
- Vida Residences Dubai Mall Tower 1: 12 transactions
- Upper Crest: 7 transactions
- The Address Residence Fountain View 3-Hotel: 6 transactions
- The Address Downtown Hotel: 5 transactions
Among these projects, The Address The Blvd (25 transactions, AED 137.3 million), The Address Residence Sky View 2 (17 transactions, AED 114.1 million), The Address Residence Sky View 1 (14 transactions, AED 102.4 million), The Address Residence Fountain View 1 (15 transactions, AED 67 million), The Address Residence Fountain View 2 (15 transactions, AED 64.1 million), Vida Residence Downtown (13 transactions, AED 52.8 million), and Vida Residences Dubai Mall Tower 1 (12 transactions, AED 38.3 million) all come in the top serviced/hotel apartment projects in Dubai.
Price range division for apartments:
- 50m+, ultra-luxury range: No transactions recorded
- 20m-50m, elite range: 6 transactions (5 at IL Primo and 1 at Imperial Avenue)
- 10m-20m, premium range: 3 transactions at IL Primo
- 500k-5m, affordable range: 482 total transactions (46 at Burj Royale, 32 at Forte Tower 1, 32 at Grande Signature Residences, 22 at Imperial Avenue, 21 at Downtown Views, 19 at Act One, 17 at Downtown Views 2-Tower 2, 16 at Downtown View 1-Tower 1, 15 at Act Two, and 15 at Burj Crown)
Price range division for serviced apartments:
- 50m+, ultra-luxury range: No transactions recorded
- 20m-50m, elite range: 2 transactions (1 at The Address Residence Sky View 1 and 1 at The Address Downtown Hotel)
- 10m-20m, premium range: 4 transactions (2 at The Address The Blvd and 2 at The Address Residence Fountain View 1)
The information provided is from the sources of the Broker Terminal, an innovative platform that boasts an impressive scope, covering over 6,000 real estate projects across all freehold locations in Dubai. This includes comprehensive details about 360 developers and their respective projects. With such an extensive and thorough database, Broker Terminal serves as an unmatched resource for investors seeking to make informed decisions in the Dubai real estate market. Its unparalleled depth and breadth of information make it an essential tool for anyone looking to stay ahead of the curve in this fast-paced industry.
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